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February 24, 2026, 07:37:12 pm
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Author Topic: Loan repayment (principle)  (Read 746 times)  Share 

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c.k.n

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Loan repayment (principle)
« on: August 23, 2010, 11:29:42 pm »
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hey can someone please help. i know this may be a silly question but what is meant by the principle of the loan repayment? thanks heaps!
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pooshwaltzer

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Re: Loan repayment (principle)
« Reply #1 on: August 23, 2010, 11:38:35 pm »
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Principal NOT principle.

Principal of loan is the original amount lent by lender to the borrower.

ie. Interest of $100 per annum at a rate of 10%pa implies loan principal of $1000.
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c.k.n

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Re: Loan repayment (principle)
« Reply #2 on: August 24, 2010, 12:12:08 pm »
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oops...hehe...thanks for that! =D
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